Trump says White House weighs diesel export ban as fuel prices soar

  • Trump said the White House is seriously considering a diesel export ban.
  • U.S. fuel prices are soaring ahead of the November midterm elections.
  • Analysts warn Europe could be exposed as Russia and Middle East flows remain disrupted.

Trump said the White House is still "very seriously" considering a diesel export ban as U.S. fuel prices soar ahead of the November midterm elections. Analysts warn the move could backfire by pushing global diesel prices higher and potentially increasing U.S. gasoline prices as refiners adjust. Europe could face particular exposure because flows from Russia and the Middle East remain disrupted.

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